Taxation for Construction and
Mining Companies

16 - 20 September 2024
Sandton Centre Johannesburg South Africa

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Register Now! Limited Seats Available!

R19, 999.00 Per Delegate

Course overview

This training course on Taxation for Construction and Mining Companies is designed to provide a thorough understanding of the unique tax challenges and opportunities within these industries. Participants will gain in-depth knowledge of both direct and indirect taxes, as well as strategies for effective tax planning and compliance. The course includes practical components such as case studies and interactive discussions to ensure that participants can apply what they learn in their professional roles.

By the end of this course, participants will be well-equipped to navigate the complex tax environment of the construction and mining sectors, ensuring compliance while optimizing tax outcomes for their organizations.

Course Objectives

  1. Enhance Understanding: To provide a comprehensive understanding of the tax regulations and compliance requirements specific to the construction and mining industries.
  2. Improve Compliance: To equip participants with the knowledge to ensure their organizations comply with all relevant tax laws.
  3. Strategic Planning: To develop strategic tax planning skills to minimize liabilities and optimize tax benefits.
  4. Audit Preparedness: To prepare participants for potential tax audits and equip them with strategies for managing disputes.
  5. Practical Application: To apply theoretical knowledge through case studies and practical exercises, enhancing real-world applicability.

Who Should Attend

  • Tax Professionals: Tax managers, advisors, and consultants working with or within construction and mining companies.
  • Financial Officers: CFOs, financial controllers, and accountants responsible for managing tax compliance and planning.
  • Revenue Authority Officials: Tax inspectors, auditors, and other officials from revenue authorities who oversee the taxation of construction and mining companies.
  • Legal Advisors: Lawyers specializing in tax law who provide services to construction and mining companies.
  • Industry Executives: Senior management and executives who need to understand the tax implications of their business decisions.

Course Outline

 Introduction to Industry-Specific Taxation

  • Overview of the construction and mining industries
  • Key differences in taxation between general businesses and these industries
  • Introduction to relevant tax laws and regulations

Tax Compliance and Reporting

  • Understanding statutory requirements for tax compliance
  • Procedures for filing tax returns
  • Record-keeping and documentation requirements
  • Penalties for non-compliance

Tax Planning and Strategy

  • Strategies for effective tax planning in construction and mining
  • Tax-efficient business structures
  • Impact of project timelines and capital investments on tax liabilities

 Indirect Taxes

  • Value Added Tax (VAT) and Goods and Services Tax (GST) implications
  • Customs duties and import/export taxes
  • Specific indirect taxes applicable to mining (e.g., royalties)

Direct Taxes

  • Corporate Income Tax (CIT) for construction and mining companies
  • Tax deductions and credits specific to these industries
  • Depreciation rules for heavy machinery and capital equipment

International Taxation

  • Cross-border taxation issues
  • Double Taxation Avoidance Agreements (DTAA)
  • Transfer pricing in multinational operations

 Environmental and Social Taxes

  • Environmental levies and taxes
  • Corporate Social Responsibility (CSR) obligations
  • Community development taxes

Tax Audits and Disputes

  • Preparation for tax audits
  • Common issues identified in tax audits of construction and mining companies
  • Dispute resolution mechanisms

Case Studies and Practical Applications

  • Analysis of real-world scenarios
  • Group discussions and problem-solving exercises

Best practices and lessons learned

End of the workshop

IN HOUSE AND ONLINE TRAINING

While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.

SOUTH AFRICA : +27 11 057 6001
TANZANIA Cell: +255 769 688 544
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com